State of Wyoming Invests $709,000 in Pebblebrook Hotel Trust $PEB

State of Wyoming acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,525 shares of the real estate investment trust’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PEB. AQR Capital Management LLC boosted its position in Pebblebrook Hotel Trust by 174.6% during the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust’s stock worth $941,000 after buying an additional 59,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Pebblebrook Hotel Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust’s stock valued at $719,000 after acquiring an additional 3,075 shares during the period. Caxton Associates LLP acquired a new position in Pebblebrook Hotel Trust in the 1st quarter valued at approximately $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Pebblebrook Hotel Trust by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust’s stock valued at $6,685,000 after acquiring an additional 48,640 shares during the last quarter. Finally, Creative Planning bought a new position in shares of Pebblebrook Hotel Trust during the second quarter valued at $176,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEB shares. Weiss Ratings upgraded shares of Pebblebrook Hotel Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Raymond James Financial reaffirmed an “outperform” rating and set a $18.00 target price on shares of Pebblebrook Hotel Trust in a research report on Monday, June 8th. LADENBURG THALM/SH SH lifted their target price on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald upped their price target on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $17.44.

Pebblebrook Hotel Trust Stock Up 0.0%

Pebblebrook Hotel Trust stock opened at $18.25 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. Pebblebrook Hotel Trust has a 52-week low of $9.88 and a 52-week high of $19.93. The firm has a 50 day moving average price of $18.63 and a two-hundred day moving average price of $15.21. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -26.46, a PEG ratio of 1.25 and a beta of 1.40.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio is -5.80%.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.